11st, a major South Korean e-commerce platform, turned its open market business to operating profit in 2025, narrowing losses and boosting growth through logistics efficiency, new services, and partnerships with JD.com and SK Planet.
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11st Turns Open Market Business to Operating Profit in 2025
11st, a major South Korean e-commerce platform, turned its open market business to operating profit in 2025, narrowing losses and boosting growth through logistics efficiency, new services, and partnerships with JD.com and SK Planet.
11st, a major South Korean e-commerce platform, cut its Q3 operating loss by 40% year-on-year, with its open market division posting 20 consecutive months of profit, driven by portfolio optimization and strong customer acquisition.
#YonhapInfomax #11st #OperatingLoss #OpenMarket #Profitability #Q3Results #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=90888
11st Reduces Q3 Operating Loss by 40%—Open Market Division Posts 20 Consecutive Months of Profit
11st, a major South Korean e-commerce platform, cut its Q3 operating loss by 40% year-on-year, with its open market division posting 20 consecutive months of profit, driven by portfolio optimization and strong customer acquisition.
11st, a subsidiary of SK Square, has signed a strategic partnership with Shinhan Bank to jointly develop financial products, expand the 11Pay service, and enhance customer benefits through integrated financial and shopping services.
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11st Partners with Shinhan Bank to Enhance Customer Benefits
11st, a subsidiary of SK Square, has signed a strategic partnership with Shinhan Bank to jointly develop financial products, expand the 11Pay service, and enhance customer benefits through integrated financial and shopping services.
SK Square faces mounting pressure to resolve the long-standing 11st stake issue, with market attention on whether it will exercise its call option to repay financial investors this year amid ongoing portfolio restructuring and major shareholder interests.
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Will SK Square Resolve the '11st Problem' This Year
SK Square faces mounting pressure to resolve the long-standing 11st stake issue, with market attention on whether it will exercise its call option to repay financial investors this year amid ongoing portfolio restructuring and major shareholder interests.
11st Appoints Park Hyun-soo as New CEO
11st, a subsidiary of SK Square, appoints Park Hyun-soo as new CEO, aiming for profitability and EBITDA growth across open market and retail businesses
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